Charity registration number: 1170035
FUTURE TERRAIN TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
Peter Jarman LLP
Future Terrain Contents
| Page | |
|---|---|
| Trustees' Report | 1—4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Statement of Financial Position | 7 |
| Notes to the Financial Statements | 8—11 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities | 12 |
Future Terrain Trustees' Report For The Year Ended 30 April 2025
The trustees present their report and the financial statements for the year ended 30 April 2025.
Objectives and Activities
Aims and Objectives
The charity's objects ('objects') are to relieve the needs of wounded, injured and sick service personnel and veterans and their family members by such means as the trustees may from time to time determine, in particular but not exclusively:
(a) by delivering a campaign of awareness of and support to wounded service personnel and veterans and their family members;
(b) by empowering, engaging and inspiring the disabled and disadvantaged community by the provision of training, development and assistance to wounded service personnel and veterans enabling them to compete alongside able-bodied persons in challenging sporting and expedition events.
(c) In doing so to raise public awareness of and make grants to beneficiary charities who are concerned with the relief of disabled and disadvantaged wounded service personnel and veterans and the assistance of their family members; and (d) by providing training and assistance to enable wounded, injured and sick service personnel and veterans to transition into civilian roles and careers.
Defined terms: "family members" means in relation to wounded service personnel or veterans, their spouse, widow or widower and any child (including step or adopted child) living in their household or the household of their common-law spouse, life partner or civil partner. "Wounded, injured and sick service personnel" means persons who have been wounded, injured, or become sick and who have served in the armed forces of the United Kingdom and NATO; "veterans" means persons who have retired from service in the armed forces of the United Kingdom and NATO.
Public Benefit
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Volunteers
The charity continues to rely on the numerous volunteers who give their time in support of its charitable aims and objectives. Future Terrain continues to balance its volunteers' goodwill and time against its charitable objectives, it remains mindful of distributing requests for support and volunteer days amongst helpers. By tracking volunteer support and days Future Terrain tries to minimise reliance on any one individual and spread-out support on a fair basis. It is noted however that as the charity matures there is a core base of volunteers that we are more reliant on to maintain an operating profile. The trustees continually look to invest in these relationships, but remain cognisant of developing new volunteers whilst supporting the stalwart existing core-team of helpers.
The trustees and management team in reporting period 2025 continued the volunteer only model staffing approach. The current model in 2025, volunteer only, places significant emphasis on a number of key individuals, the trustees recognise that in order to deliver on long term requests and benefits there may be an element that should be paid or outsourced but the aim remains to use this only when required for critical SMEs (like accounts) or when no volunteers are available.
The current model maintains conditions for a positive volunteering environment with equal agency and representation. This is still seen as one of the key strengths of the charity's propositions, being supportive to both the beneficiaries and volunteers. As ever, this will need to be balanced against overall demand and requirements for the charitable objectives, services and outcomes. This element will continue to be monitored by the trustees into 2025/26 and beyond, with a view on maintaining the positive benefits of a ‘volunteer only’ environment versus merits of paid support, and the financial and charitable implications to both of these models.
There remains also a reality of efficiency in the current charitable giving space and the cost/distribution ratio remains extremely high due to the volunteer only model; this is deemed to be both financially prudent but also resource sustainable and efficient in a market where charities can struggle for funding. Accordingly, the charity continues with this overall approach as deemed the safest approach to meeting the demands of its beneficiaries.
Support on charitable tasks are managed by the Director Operations (Volunteer) who maintains oversight on workload, planning and support. As a charity that is run by volunteers, without any paid employees currently, we rely heavily on the good nature of our charitable supporters.
The trustees and senior leadership would like to thank once again the volunteers, sponsors and helpers who support Future Terrain's endeavours in 2025 to aid our armed forces' beneficiaries.
Page 1
Future Terrain Trustees' Report (continued) For The Year Ended 30 April 2025
Objectives and activities
Following 2023/24 adjustment to the fleet profile, via support from the Veterans Foundation, Future Terrain has been able to deliver a number of events and training outcomes on an even more cost efficient basis. By way of recap the charity started by owning a larger collection of fleet for said activities, these were specific to various injuries and adjustments needed for WIS beneficiaries. Due to the cost of running fleet, parts and insurance (noting a volunteer based labour support team) it was deemed appropriate to investigate reducing fleet and using hire relationships. This approach has proven highly beneficial to match injuries to specific hiring of kit and vehicles e.g left or right hand controls, manual or automatic, as injury dictates.
This increased flexibility has created conditions where we were in 2025 able to focus on various events specific to needs based analysis that didn’t require retained fleet. A major outcome for 24/25 was a number of training activities for both able bodied and injured where fleet was hired specific to injuries. Notably the charity delivered a number of MOD staff related training days in the South of England who needed training and vehicle based skills support, this was based on various vehicle platforms hired-in as required. Additionally, in the same reporting period, different smaller UTV platforms were hired/utilised for those with WIS related training. This allowed a wider than historically possible delivery profile. This profile of able-bodied and blended LANTRA and related driving training programmes has been popular and remains in demand. The team was also able to deliver a number of public event engagements, where both WIS and able bodies veterans and serving personnel joined the team to meet the public and communicate the aims of the charity and raise public awareness of issues affecting (WIS) veterans.
Achievements and Performance
Main Achievements
The charity main achievements included providing wider scope of beneficiary inclusion to its training, finalising the fleet profile for increased inclusivity and attending two major public events representing the charity; these being attended by over 400k members of the public.
Financial Review
Reserves Policy
The trustees endeavour to maintain sufficient reserves in order to ensure that funds remain available to enable Future Terrain to continue to operate in the furtherance of the objectives of the charity. For 2024 into 2025 reserves have been reduced from prior years due to the new delivery model in part increasing efficiency further and hence not requiring as much liquidity whilst still delivering similar profile events and training days delivered.
Reserve's policy - the charity has maintained a reduced quantum (but similar policy) on reserves post acquisition of new fleet, but cash flow and cash-at-bank are aligned between the charity Ops Director and Finance team to ensure cash does not decrease below creditor liabilities. Frequent meetings are conducted between the Operational leads, Director Operations, and a trustee to ensure budget and spend are aligned to annual spend. This approach is especially critical as a delivery focussed charity where annual spend and monthly activities must stay within overall parameters to ensure smooth delivery across the year.
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Minimum reserves held for the year were c.>5% of annual revenue for the period, typically due to the new model reserves remained above this level.
-
The Trustees note no significant concern on financial viability for the charity due to its limited fixed costs and volunteer workforce/staffing. As per disclosures in 2024 if there are any changes in income during the period, or going forwards, outputs and beneficiaries' support spend can be adjusted to align current sources and uses. The charity’s main source of support in 2024/25 continued to be the donation of items, goods, and services that enabled it to deliver its objectives. Activities were sustained without the need for significant direct fundraising during this reporting period. Operational needs were met through existing cash flow, alongside partnership contributions in the form of practical resources and support.
-
A principal risk facing the charity would be key man risk for core volunteers who help run the charity on a day-today basis. The Trustees mitigate this risk through the distribution of tasks and requests (via the Operations Director) to ensure no undue burden or reliance on any one individual.
-
It can be noted in this period that the new approach to fleet has significantly reduced operating cash flow requirements further from 2023/2024, which further supports financial stability, prudence and hence reduces any residual risk profile to the charity’s viability from a financial perspective.
Page 2
Future Terrain Trustees' Report (continued) For The Year Ended 30 April 2025
Future plans
The charity intends to continue reaching out to the veteran and serving armed forces' community in 2025/26 to support career transition, wellbeing, and recovery objectives through the medium of vehicular and engineering related endeavours, courses and training provision.
Future Terrain specialises in the needs of the Wounded, Injured and Sick service personnel who have, overall, gone through medical rehabilitation and are now looking to enhance their life skills and career prospects. Future Terrain will be again partnering in 2025 with other charities, with similar aims, to support and deliver a core expedition and supporting events; to be confirmed and subject to appropriate financial support as ever.
Structure, Governance and Management
Governing Document
The charity is a Charitable Incorporated Organisation, registered on the 4th November 2016, and controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Trustee Selection Methods
Trustees can be elected by a quorum of the sitting trustees in post. Any one trustee or management team can table a trustee meeting to include a vote for the appointment of additional trustees.
All trustees on induction are directed towards the Charity Commissions guidance on trustee governance and responsibilities. Any new trustee will undergo at least a half days training and introduction on the history, operations, and objectives prior to taking up post.
Key management remuneration
As per April 2024's disclosure, in reporting year 2024/25 the charity employed no part time or full-time employees. Any volunteer costs incurred whilst conducting the business of the charity were settled via the charity on receipt of suitable evidence and ratified by the Director of Operations and/or the treasurer.
Reference and Administrative Details
Trustees
Mr A Weaver Mr C Sincock Mr P Gillespie Mr D Hooton - Chairman
Charity Number
1170035
Principal Address
C/O SPEARFISH SECURITY LTD 8 SOUTHGATE STREET WINCHESTER SO23 9EF
Independent Examiner
Peter Jarman LLP ACCA Peter Jarman LLP ACCA St James' Hall Mill Road Lancing West Sussex BN15 0PT
Page 3
Future Terrain Trustees' Report (continued) For The Year Ended 30 April 2025
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
-
make judgments and accounting estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr C Sincock Trustee 26/02/2026
Page 4
Future Terrain Independent Examiner's Report to the Trustees of Future Terrain For The Year Ended 30 April 2025
I report to the trustees on my examination of the accounts of Future Terrain (the Trust) for the year ended 30 April 2025.
Responsibilities and Basis of Report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Peter Jarman LLP ACCA 26/02/2026 St James' Hall Mill Road Lancing West Sussex BN15 0PT
Page 5
Future Terrain Statement of Financial Activities For The Year Ended 30 April 2025
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities: Charitable activities Other trading activities Other 4 EXPENDITURE ON: Charitable activities: 6 Charitable activities Support activities Other NET (EXPENDITURE)/INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 11 |
2025 Unrestricted funds £ - - - - |
2024 Unrestricted funds £ 500 9,250 2,500 44,000 |
|---|---|---|
| - | 56,250 | |
| (11,340) (1,080) (5,030) |
(32,874) (2,529) (1,703) |
|
| (17,450) | (37,106) | |
| (17,450) | 19,144 | |
| (17,450) 47,284 |
19,144 28,140 |
|
| 29,834 | 47,284 |
The notes on pages 8 to 11 form part of these financial statements.
Page 6
Future Terrain Statement of Financial Position As At 30 April 2025
| Notes FIXED ASSETS Tangible Assets 9 CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 10 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 11 On behalf of the board |
2025 Unrestricted funds £ 15,089 |
2024 Total funds £ 1,519 |
|---|---|---|
| 15,089 15,825 |
1,519 47,775 |
|
| 15,825 (1,080) |
47,775 (2,010) |
|
| 14,745 | 45,765 | |
| 29,834 | 47,284 | |
| 29,834 | 47,284 | |
| 29,834 | 47,284 | |
| 29,834 | 47,284 | |
Mr C Sincock Trustee 26/02/2026
The notes on pages 8 to 11 form part of these financial statements.
Page 7
Future Terrain Notes to the Financial Statements For The Year Ended 30 April 2025
1. General Information
Future Terrain is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1170035. The principal address is C/O SPEARFISH SECURITY LTD, 8 SOUTHGATE STREET, WINCHESTER, SO23 9EF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
2.2. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2.3. Incoming Resources
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
2.4. Resources Expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance Motor Vehicles 4 Year straight line basis
2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.7. Taxation
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
3. Income from Donations and Legacies
Page 8
Future Terrain Notes to the Financial Statements (continued) For The Year Ended 30 April 2025
| Donations and gifts . Other Income Gain on disposal of tangible fixed assets held for charity's own use . Net Income/(Expenditure) he net (expenditure)/income is stated after charging/(crediting): Depreciation of tangible fixed assets - owned Gain/Loss on disposal of tangible fixed assets . Analysis of Expenditure Charitable activities Support activities Other Charitable activities Support activities Other |
Activities undertaken directly £ 10,262 - - |
2025 Unrestricted funds £ - |
2024 Unrestricted funds £ 500 |
|---|---|---|---|
| 2025 Unrestricted funds £ - |
2024 Unrestricted funds £ 44,000 |
||
| 2025 £ 5,030 - |
2024 £ 1,703 (44,000) |
||
| Support costs (see note 7) £ 1,078 1,080 5,030 |
2025 Total £ 11,340 1,080 5,030 |
||
| 10,262 | 7,188 | 17,450 | |
| Activities undertaken directly £ 31,479 - - |
Support costs (see note 7) £ 1,395 2,529 1,703 |
2024 Total £ 32,874 2,529 1,703 |
|
| 31,479 | 5,627 | 37,106 |
- Other Income
5. Net Income/(Expenditure)
The net (expenditure)/income is stated after charging/(crediting):
6. Analysis of Expenditure
Page 9
Future Terrain Notes to the Financial Statements (continued) For The Year Ended 30 April 2025
7. Support Costs
| General administration Depreciation Employee costs General administration Depreciation Interest payable |
Charitable activities £ 1,078 - |
Support activities £ 1,080 - |
Other £ - 5,030 |
2025 Total £ 2,158 5,030 |
|---|---|---|---|---|
| 1,078 | 1,080 | 5,030 | 7,188 | |
| Charitable activities £ 400 995 - - |
Support activities £ - 2,343 - 186 |
Other £ - - 1,703 - |
2024 Total £ 400 3,338 1,703 186 |
|
| 1,395 | 2,529 | 1,703 | 5,627 |
8. Average Number of Employees
Average number of employees during the year was: NIL (2024: NIL)
9. Tangible Assets
| Cost As at 1 May 2024 Additions As at 30 April 2025 Depreciation As at 1 May 2024 Provided during the period As at 30 April 2025 Net Book Value As at 30 April 2025 As at 1 May 2024 0. Creditors: Amounts Falling Due Within One Year Accruals and deferred income |
Plant & Machinery £ 1,519 - |
Motor Vehicles £ - 18,600 |
Total £ 1,519 18,600 |
|---|---|---|---|
| 1,519 | 18,600 | 20,119 | |
| - 380 |
- 4,650 |
- 5,030 |
|
| 380 | 4,650 | 5,030 | |
| 1,139 | 13,950 | 15,089 | |
| 1,519 | - | 1,519 | |
| 2025 £ 1,080 |
2024 £ 2,010 |
10. Creditors: Amounts Falling Due Within One Year
Page 10
Future Terrain Notes to the Financial Statements (continued) For The Year Ended 30 April 2025
11. Movement in Funds
| Unrestricted funds General: General unrestricted fund Total funds Unrestricted funds General: General unrestricted fund Total funds |
As at 1 May 2023 £ 28,140 |
As at 1 May 2024 £ 47,284 |
Expenditure £ (17,450) |
As at 30 April 2025 £ 29,834 |
|---|---|---|---|---|
| 47,284 | (17,450) | 29,834 | ||
| Income £ 56,250 |
Expenditure £ (37,106) |
As at 30 April 2024 £ 47,284 |
||
| 28,140 | 56,250 | (37,106) | 47,284 |
12. Transactions with Trustees
There were no trustees' remuneration or other benefits for the year ended 30 April 2025 nor for the year ended 30 April 2024.
| 2025 | 2024 |
|---|---|
| £ | £ |
There were no trustees' expenses paid for the year ended 30 April 2025 nor for the year ended 30 April 2024.
13. Related Party Disclosures
There were no related party transactions for the year ended 30 April 2025.
15. Basis of preparation of financial statments
No guarantees were given by the CIO, where any potential liability under the guarantee is outstanding at the date of the statement of assets and liabilities.
No debt is outstanding at the date of the statement of assets and liabilities which is owed by the CIO and which is secured by an express charge on any of the assets of the CIO.
Page 11
Future Terrain Detailed Statement of Financial Activities For The Year Ended 30 April 2025
| INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and gifts Charitable Activities: Charitable activities Grants Other trading activities Income from charitable activities Other Gain on disposal of tangible fixed assets held for charity's own use EXPENDITURE ON: Charitable Activities: Charitable activities Staging fundraising events Protective clothing Travel and subsistence expenses Vehicle running costs Vehicle insurance costs Vehicle repair costs Staff training Computer and IT consumables Support activities Accountancy fees Other office costs Bank charges Other Depreciation of plant and machinery Depreciation of motor vehicles NET (EXPENDITURE)/INCOME |
2025 Total funds £ - |
2024 Total funds £ 500 |
|---|---|---|
| - - |
500 9,250 |
|
| - - |
9,250 2,500 |
|
| - - |
2,500 44,000 |
|
| - | 44,000 | |
| - (468) (414) (198) - (9,025) (157) - (1,078) |
56,250 (8,344) (1,359) (14,145) (2,377) (3,560) (1,694) (400) (995) |
|
| (11,340) (1,080) - - |
(32,874) (2,010) (333) (186) |
|
| (1,080) (380) (4,650) |
(2,529) (506) (1,197) |
|
| (5,030) | (1,703) | |
| (17,450) | (37,106) | |
| (17,450) | 19,144 |
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